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New OXO Prime“We are the first generation of the Human Race to feel the effects of Climate Change and the last generation to do SOMETHING about it.”
HOP electric is committed to accelerate the advent of a sustainable future by delivering products, technologies and solutions that redefine everyday commute for millions.
About Us
HOP Electric is a climate-tech startup in the new energy automotive industry founded by Ketan Mehta, Nikhil Bhatia and Rahil Gupta in 2020 as forward integration of the $50+ Million renewable energy business of Rays Group.
Products : Manufactures wide variants of Electric 2W with different target segments.
HOP OXO : High Speed Electric Motorcycle,
HOP LEO : Mid speed electric scooter,
HOP LYF : Low Speed Electric scooter.
Strong in-house R&D & manufacturing with 100+ team and captive cell testing lab, electronics & electric lab, mechanical testing lab & Design studio at HOP Launchpad, Jaipur Rj. Manufacturing facility ‘HOP Megaplex’ commissioned with an annual capacity of 1.2 lac units per annum.
Exclusive network of 150+ HOP Experience Centers across 15+ states in India
Mandated under Govt of India’s ₹ 26,058 Cr Production Linked Incentive (PLI) Scheme as a Champion OEM
Captive NBFC License to enable consumer financing of HOP E2Ws.
$ 2.6 Million seed capital raised by a publicly listed power electronics manufacturer in May’22.
60 Acre land secured in Neemrana for futuristic technologies manufacturing industrial park development.
SHIFT 90% OF TWO WHEELERS SALES TO ELECTRIC BY 2030
THIS WILL SAVE :
11 BILLION TONS OF CO2
1 MILLION BARRELS OF OIL EVERYDAY
400 MILLION (2050)
200 MILLION (TODAY)
Source : BloombergNEF Electric vehicle outlook 2022 | The future of mobility 2022
Timeline
HOP v1.0
HOP v2.0
HOP v3.0
2018-20
2020-22
2023
- Stealth stage
- Proof of Business stage
- Growth Stage
- Development of v1 proto of smart hot swapLi-Ion battery, battery swapping station, IoT stack & ride sharing platform.
- Formal Incorporation
- Pilot of battery swapping platform
- Entry into retail with 2 Low speed electric scooters.
- 150+ retail outlets
- 11,000+ E2Ws sold
- $11 Mil revenue generated
- Launch of HOP OXO
- Champion OEM in PLI
- Deliveries begin for flagship electric motorcycle HOP OXO.
- New platform ‘HOP Nimbus’ development commenced.
Timeline
- Development of v1 proto of smart hot swapLi-Ion battery, battery swapping station, IoT stack & ride sharing platform.
2018-20
Stealth stage
Products & Technology
HOP LYF
LOW SPEED ELECTRIC SCOOTER
HOP LEO
MID SPEED ELECTRIC SCOOTER
HOP OXO
HIGH SPEED ELECTRIC MOTORCYLE
Current Network
15 +
States
150 +
Exclusive HOP Experience centres
500+
New Location to be operation in 23-24
CLIMATE ACTION IN NUMBERS
11000+
HOP E2W Customer
17383474
Electric Kilometres clocked & Counting
251935*
Kilograms of CO2 emissions saved
₹31251905*
Approx. Saving in fuel
FACILITIES
HOP Launchpad
R&D & Design Facility in Jaipur
HOP Megaplex
HOP Manufacturing facility in Jaipur with annual capacity of 1.2 Lakh Units
HOP HQ
Corporate office in Gurugram, India
HOP GigAplex (FTIP)
60 Acre futuristic technologies industrial park in Neemrana. 1 Million units capacity Development to start in 2024.
TEAM
Ketan Mehta
Co Founder & CEO
Nikhil Bhatia
Co Founder & CBO
Rahil Gupta
Co Founder & CTO
Rajneesh Singh
Head of Marketing
Yogesh Pandey
Head of Operations & Service
Ravi S kishore
Head of Sales : South
Amrendra Patel
Head of Sales - East
Rohit Shukla
Sales Head: North, Center & West
Om D Vashisht
Head of SCM
Ashish Jain
Financial Controller
Nihit Yadav
Vehicle Integration Lead
Prateek Gupta
Engineering Lead
Taran S Salaria
Design Lead
Utkarsh Pandey
Service Lead
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